Bill
Bill > H3691
summary
Introduced
04/18/2019
04/18/2019
In Committee
06/24/2020
06/24/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
That the town of Provincetown be authorized to impose a real estate transfer fee. Revenue. [Local Approval Received.]
AI Summary
This bill authorizes the town of Provincetown to impose a 0.5% (half percent) real estate transfer fee on the purchase price of all real property transactions in the town. The fee is the liability of the purchaser, and the first $250,000 collected each fiscal year will be deposited into the town's capital improvement stabilization fund, with the remaining funds going to the town's general fund. The bill also outlines several exemptions, including for first-time homebuyers, transfers to government entities, and transfers between family members.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (on 06/24/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H3691 |
| Bill | https://malegislature.gov/Bills/191/H3691.pdf |
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